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Author:Grinold, R.
Rudd, A.
Title:Incentive fees : Who wins? Who loses?
Journal:Financial Analysts' Journal
1987 : JAN/FEB, VOL. 43:1, p. 27-38
Index terms:PAY INCENTIVES
BONUS SYSTEMS
REMUNERATION
PAYMENT BY RESULTS
Language:eng
Abstract:A review of the "pros" and "cons" of incentive fee structures relative to the traditional fee structures based on assets under management and rewards to managers for superior performance, which covers current incentives, incentive fee structures, normal portfolios, fees, setting up an incentive-free schedule, market return and gaming. Tables, Figures and equations accompany the review.
SCIMA record nr: 55737
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